Oddbean new post about login | logout Peter points out that keeping rates stable while inflation rises again, is effectively the same thing as lowering them. https://open.spotify.com/episode/5q4e6hs8CAKBqGN7AY0xNP?si=vOCbWcfUS7614eRIkvk-2A
Goldbug
Yup. That's why he's one of the best on 1) understanding the effect of central bank interest rates on commodities 2) historical info on USA coin debasement (fascinating bit in this episode about junk silver) 3) understanding how most Bitcoin/Etherium ETF investors actually think
I love the deep thought that went into the naming of his podcast🙄.
He's not wrong. Well, OK. He's wrong about one pretty big thing but for the rest he's not wrong.
It’s called financial repression. You let the inflation run high, which leads to more tax collection and stable debt to gdp ratio, which allows them to borrow more and pay back earlier debt by printing inflated dollars.
Peter has 0 credibility, still lives 100% in a central banking fiat mindset.